Schooling Life Insurance
Ensure a continuing education
Are you worried about securing your children’s education?
Well, we have the right program that will ensure the continuity of their schooling education!
Education is one of the most essential assets that parents can give to their children in order for them to build a successful future. It is important to ensure continuity of this education even if personal circumstances might happen to change. Bank of Beirut created, in collaboration with Allianz SNA s.a.l., the SAFE School - Schooling Insurance. This insurance scheme protects children’s schooling education and allows them to be armed with the proper education to be able to later pursue the career of their choice
All Bank of Beirut customers are considered eligible candidates.
The “SAFE School” coverage
In case of natural or accidental death
- An annual amount between USD 1,000 and USD 5,000 (at your choice) is paid to the specified beneficiaries from the date of death of the insured person until the expiry date of the contract
- An amount equal to 3 times the above annual amount is paid in the last year of the contract’s period
- Flexible contract period: 4, 6, 8, 10, 12, 14, or 16 years according to the child’s age
- Possibility of choosing the premium payment period: Full period or Half period
- Flexible monthly premiums, starting from 1 USD, automatically deducted from your Bank account
- Easy and prompt administrative procedures
- Immediate policy issuance and automatic monthly renewal
- Age of insured should be between 20 and 54 years
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